By Commodity News Service Canada
WINNIPEG, Sept. 19 (CNS Canada) The Canadian dollar was slightly weaker Tuesday morning, as the currency reacted to the latest manufacturing data.
At 9:17 CDT Tuesday morning the Canadian dollar was at US$0.8141 or C$1.2200 which compares with Monday’s North American close of US$0.8171 or C$1.2284.
Canadian manufacturing sales fell by 2.6 per cent in July, hitting C$52.5 billion, according to Statistics Canada data. The decline was largely due to lower motor vehicle and parts sales.
The US Fed is set to make its latest interest rate announcement on Wednesday, and is also expected to announce a plan that would see it trim some of its assets.
Crude oil was stronger in early activity, helping underpin the energy-linked Canadian dollar.
The TSX was stronger at 9:17 CDT, up 51.74 points at 15,288.41.
